MAG 4.26% 4.5¢ magmatic resources limited

Ann: DRILLING COMMENCES AT LADY ILSE & BODA NORTH Au-Cu TARGET, page-30

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,015 Posts.
    lightbulb Created with Sketch. 1057
    GB, you finally got your drilling announcement, lol.

    Overall, this is another good announcement. They have locked in the 14 hole drilling program to ensure its a 'measured' resource. If they were still just hoping it was there, they wouldn't be drilling 14 holes and putting in that much expense, they would drill a couple to ensure they were comfortable it was there first. To me, they know its there, now just seeing what the grades are going to be.

    Adding the 4 holes at North Boda is the next logical step as its along strike from ALK's Boda. Testing shallow first and then testing deeper later allows them test the area before over committing on the expense side of things. While they have the drill team booked and onsite, they may as well keep them there defining prospective resource after resource after resource and learning more about the ground as they go.

    IMO, this is the MAG will ever be again. FOMO, definitely.
 
watchlist Created with Sketch. Add MAG (ASX) to my watchlist
(20min delay)
Last
4.5¢
Change
-0.002(4.26%)
Mkt cap ! $18.76M
Open High Low Value Volume
4.7¢ 4.8¢ 4.5¢ $12.67K 275.0K

Buyers (Bids)

No. Vol. Price($)
1 50479 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 62000 1
View Market Depth
Last trade - 14.54pm 05/11/2024 (20 minute delay) ?
MAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.